Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

Matador averages monthly production of 100,000 boed for first time

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Dallas-based Matador Resources said April 26 it averaged monthly production of more than 100,000 boed in March for the first time in the company’s history.  And Matador said it expects to continue to average above 100,000 boed for the remainder of 2022.  In February in Lea County, N.M., Matador turned to sales 11 new Voni […]

ExxonMobil gas production at Poker Lake receives emissions certification

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Irving-based ExxonMobil said last week about 200 million cubic feet per day of natural gas produced in its Permian Basin facilities at Poker Lake, N.M., have been independently certified and received the top grade for methane emissions management.  The certification from MiQ helps Exxon meet customer demand for energy produced with fewer emissions.  Tom Schuessler, […]

Chevron increases production forecast in Permian Basin

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San Ramon, Calif.-based Chevron said last week it raised 2022 production growth in Permian Basin to 15 percent after Q1 when Chevron continued its recovery from the 2020 global pandemic.  Permian unconventional production grew to a record 692,000 boed in 2022Q1, and chairman and CEO Mike Wirth said he expects production to increase to 700,000 […]

Streamline flare systems analysis by using a single platform

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Smart investment that saves lives and capital in the future Often thought of in terms of cost, safety and flare systems are nonetheless a critical part of any operation—and their value is never more apparent than in the event of a failure. With revenue lost due to downtime, the cost of repairs and replacement, environmental […]

Under the Double Eagle

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By Paul Wiseman “We always either had success or we learned, but the key was that we kept going after each success and we kept going after each failure,” said Cody C. Campbell, one of two cofounders of Double Eagle Energy Holdings. “We’ll continue to have successes and we’ll continue to have failures and we’ll […]

Petrodollar Paranoia

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by Dr. M. Ray Perryman Recently, there has been much focus on the “petrodollar” and whether it will continue as the currency of choice in the oil market. China and Saudi Arabia have discussed shifting away from it, a move that some worry will end the dollar’s dominance in world markets; others seem to think […]

U.S. Oil Supply Likely To Increase

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Enverus Intelligence Research, a part of Enverus, a leading global energy data analytics and SaaS technology company, released on March 21 a new report examining the likely responses by U.S. oil producers, both public and private, to high oil prices and increased concerns about energy security in the wake of Russia’s recent invasion of Ukraine. […]

Tubulars Maker Starts 40-acre Facility

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Corrosion Resistant Alloys, LP (CRA), a just-in-time (JIT) manufacturer of high quality corrosion resistant alloy tubulars, announced March 29 that the company had broken ground on the construction of a new manufacturing facility in Brenham, Texas. The new facility will deliver an expansion of manufacturing capabilities and capacity, streamline processes, and further advance CRA’s vision […]

Is Oil Price Volatility Increasing?

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By Steve Hendrickson If you’re like me, you probably feel that the volatility of oil prices has been very high in the past couple of years. After all, oil prices were well above $100/bbl recently and had a negative price scarcely two years ago. And we’re experiencing significant global events that have an economic impact that influences […]

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